Industry Analysis & Industry Trends
The performance of the Employment Placement Agencies industry is closely linked to the hiring intentions of public and private-sector firms and, consequently, to prevailing economic conditions. Consequently, industry revenue contracted by almost 50% in 2008-09 as a result of the global financial crisis. As the economy recovered, industry revenue went from strength to strength at the beginning of the five-year period through 2016-17. However, growth was curtailed due to falling business confidence, and as a result revenue is expected to have contracted from 2015-16.
In the current year, revenue is expected to fall by 3.6% to £11.6 billion. This contraction is largely expected to be a result of the uncertainty caused by the UK's decision to leave the European Union... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry exhibits a low level of market share concentration and the top four players are estimated to account for 8.1% of industry revenue in 2016-17. Hays plc is the largest company, but generates less than 5% of total revenue. Industry concentration is low because there are many niche players in the industry targeting specific sectors and there are a large number of small operators that serve local areas. However, market share concentration can vary significantly between market segments.
In 2016, 86.1% of employment placement agencies employed fewer than 10 staff members and only 1.9% of firms employed 100 or more. This highlights the large number of small players operating in the industry.
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